By Leia Michele Toovey- Exclusive to Potash Investing News China, the world’s largest consumer of potash, will reportedly seek lower prices for the fertilizer component just weeks after the ink dried on the contract between India and International Potash Company (IPC), the marketing arm of Russia’s biggest potash producer, for $460 per tonne. As reported [...]
Fertilizer maker Intrepid Potash Inc posted a 24 percent dip in second-quarter profit, hurt by lower demand. Chief Executive Bob Jornayvaz stated: Potash sales volumes continue to be at reduced levels as dealers showed greater hesitancy to refill their inventories and to take on price risk during the second quarter. For full story, click here
Agrium Inc., North America’s third- largest fertilizer producer, declared second-quarter profit slipped 42 percent as demand for potash declined. For full story, click here
German fertiliser supplier K+S reiterated that it has forecasted a notable dip in 2009 earnings even after it posted first-quarter operating proft that beat expectations on Wednesday. For full story, click here
Uralkali declared that 2008 profit surged 172 percent year on year to $653 million, despite waning demand for its potash fertilizer in the fourth quarter. For full story, click here
Canadian Pacific Railway Ltd. declared a 31 per cent dip in first-quarter profit Thursday to $62.5 million because of a sharp decline in the movement of potash products. CEO Fred Green stated: As we experienced rapidly declining volumes in the quarter, we successfully reduced variable expenses while delivering consistent service to our customers. For full [...]
By Leia Michele Toovey- Exclusive to Potash Investing News. Fertilizer prices are finally falling, but not enough to coax farmers into big purchases for the spring planting. The worldwide financial crisis has them rationing their use of stored inventory. The steep decrease in crop prices have left farmers with less money to purchase fertilizer, shifting [...]
Global Investment House -Kuwait- MENA Fertilizer Sector- The MENA region is home to many fertilizer companies and majority of them are state owned or are private companies. For full story, click here
Global Investment House -Kuwait- MENA Fertilizer Sector- The MENA region is home to many fertilizer companies and majority of them are state owned or are private companies. For full story, click here
Fertilizer producer Intrepid Potash Inc. announced that its Q3 profit soared on growing demand for fertilizer products. For full story, click here For company’s website, click here
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